The year-on-year inflation rate of the Food and Non-alcoholic component of the CPI, for the month of October 2016 Ethiopian fiscal year, stood at 29.7%. Comparatively, the inflation rate for the same month in the previous year, October EFY2015, was 30.7 percent. Notably, for the last six months, since March EFY2015, the inflation rate showed reduction. “…Both the food and the non-food year-on-year inflation have continued to be stubbornly high. Similarly, during October 2016 EFY the year-on-year inflation rate of the Non- Food Index of the CPI was 28.5%.

Source: News Business Ethiopia November 17, 2023 08:39 UTC